So, why insurance is important as part of your employee benefits package?
In order for a company to attract and keep talented employees, your company must not only offer rewarding tasks and prospects for growth, but it must also differentiate itself in terms of benefits.
Now, before we head over to the reasons you need to have attractive employee benefits, let’s ask the most important question first:
What are Employee Benefits?
Employee benefits are a part of an offer package next to your employee’s indirect pay. This can be health insurance, leaves days, free meals, training opportunities or even a parking spot!
It is tough to choose the perfect combination of employee benefits. Offer more benefits – your company’s earnings will suffer as a result. Offer fewer benefits – you might not be able to employ or retain high performers.
Nevertheless, what makes employee benefits so important for you as a company?
Attract exceptional talents
As a company, fast-paced growth requires the best of the best talents out there. For what you are unable to pay, compensation as part of the employee benefit is important. With recession always around the corner, talents are seeking new growth opportunities with better benefits as their market value is getting higher day by day.
Boost employees morale
With employee benefits, it can greatly improve productivity and your employee’s mental well-being knowing full well that their benefits will be there as a safety net in case of an emergency. This will also improve morale and lead to an efficient company rather than a sub-par company.
Retain your talents
A loyal employee will stay for a good company for the long haul if they are treated right. By exhibiting appreciation to your employee through valuable benefits, this will motivate them to not just improve their great performance but to stay for the company success.
In a way, with employee benefits – both you as an employer as well as your employee will gain something. In this article, we would like to highlight the most sought after benefits – Insurance Coverage.
Now, what type of coverage is there in the market?
- Medical Insurance
- Critical Illness Insurance
- Life Insurance
- Disability Insurance
- Personal Accident Insurance
By providing an integrated top of the tier technology platform for your employees with simplified access and highly valuable benefits, your company can go far with attracting and retaining amazing talents on your way to being the next unicorn.
What makes offering medical insurance coverage benefits with an infused high technology system so important?
- Provide E-services including client portal, e-notification & e-payment for ease of claims and GL request.
- Provide a simple enrolment process and simplified underwriting.
- Identify the closest panel through a wide network of panel hospitals & clinics search systems, anytime and anywhere.
- Save time and money with receipt tracking and expense management tools without the usage of papers.
- Enhance experience with data, engagement, and insights to help increase demand, utilization, retention and trust.
“Hey, I’m convinced that employee benefits are important. What’s next?”
Great to know you take your employee welfare seriously! Get in touch with us so we can assist you in crafting the best employee benefits to fit your company needs!
“Wait, what if my company only has 2 employees?”
No issue! We’re here to assist you with your needs no matter what stage you are at. Contact us at <insert email> to learn more, we’re more than happy to assist.
